In brief
- Block becomes the second crypto-facing firm in the S&P 500 index, two months after Coinbase.
- For over a year, Block has allocated 10% of its monthly profit from Bitcoin services to purchase additional Bitcoin.
- Industry observers say regulatory shifts are helping push crypto firms into mainstream acceptance.
Block Inc., the fintech company led by Twitter co-founder Jack Dorsey, is set to join the S&P 500 this week, marking the second crypto-facing firm to be added to the index in less than a year.
Block’s move follows Coinbase’s addition to the index in May, when it replaced Discover Financial Services. Block will replace Hess Corp.
It is expected that Dorsey’s company will be listed on Wednesday, the company announced on…
Jul 21 2025
